# Eurozone vs. OECD Floaters: CA/GDP Regressions (Post-1999)

| Variable | Eurozone | OECD Floaters | EZ: Age | Float: Age |
|:---|---:|---:|---:|---:|
| Z_1 | -189.7500*** | -10.5938 | | |
| | (35.6908) | (40.3096) | | |
| Z_2 | 24.2056*** | 0.3548 | | |
| | (4.6263) | (5.4020) | | |
| Z_3 | -0.8706*** | 0.0212 | | |
| | (0.1713) | (0.2020) | | |
| fiscal_bal_gdp | -0.0679 | 0.2661*** | -0.0598 | 0.2734*** |
| | (0.0654) | (0.0461) | (0.0663) | (0.0458) |
| nfa_gdp_lag | 1.6071** | 0.1427 | 1.2809* | 0.0904 |
| | (0.6681) | (0.3578) | (0.7181) | (0.3577) |
| rgdp_growth | 0.1202*** | -0.2441*** | 0.1137*** | -0.2426*** |
| | (0.0379) | (0.0313) | (0.0379) | (0.0313) |
| old_dep | | | 18.2479* | 26.0089*** |
| | | | (10.9621) | (8.6442) |
| youth_dep | | | 38.1022* | 9.8833 |
| | | | (19.6189) | (7.5905) |
|:---|---:|---:|---:|---:|
| N | 447 | 616 | 447 | 616 |
| R² | 0.2416 | 0.3066 | 0.0348 | 0.3090 |
| Countries | 19 | 27 | 19 | 27 |

*Panel GLS with country and year fixed effects. Standard errors in parentheses.*
*\*p<0.1, \*\*p<0.05, \*\*\*p<0.01*